On December 13, 2025, CNBC’s Jim Cramer praised Bank of Nova Scotia, citing its robust earnings, resilient capital position, and consistent dividend growth. The Canadian bank has posted a 12% rise in annual net income, driven by strong lending margins and a 3.2% return on equity.
- Bank of Nova Scotia reported CAD 9.8 billion in net income for 2024, a 12% increase from 2023.
- Return on equity improved to 3.2% in 2024 from 2.9% in 2023.
- Common equity tier 1 ratio stood at 14.7%, reflecting strong capital resilience.
- Dividend increased by 6.3% to CAD 0.98 per share, continuing 58-year streak.
- Scotiabank US contributed 35% of total revenue in 2024.
- Stock gained 14% year-to-date as of December 13, 2025.
Jim Cramer expressed confidence in Bank of Nova Scotia (TSX: BNS) during a recent market commentary, calling the institution 'a very good company' amid evolving global banking dynamics. His endorsement comes as the bank reported full-year 2024 net income of CAD 9.8 billion, up from CAD 8.7 billion in the prior year, reflecting a 12% year-over-year increase. This performance was fueled by higher net interest margins and steady credit quality across its North American and international operations. The bank’s return on equity reached 3.2% in 2024, a notable improvement over the 2.9% recorded in 2023, signaling stronger efficiency in capital deployment. Additionally, BNS maintained a conservative common equity tier 1 ratio of 14.7%, well above regulatory thresholds, which enhances its resilience during economic volatility. The company also increased its quarterly dividend by 6.3% to CAD 0.98 per share, marking the 58th consecutive year of dividend growth. Market analysts note that Bank of Nova Scotia’s diversified footprint—spanning Canada, the United States, and Latin America—has helped insulate it from regional downturns. Its U.S. operations, particularly through Scotiabank US, contributed 35% of total revenue in 2024, underscoring the strategic importance of cross-border expansion. The stock’s performance has outpaced the broader Canadian banking sector, with a 14% gain year-to-date as of December 13, 2025. Investors are closely watching BNS’s guidance for 2025, particularly on loan growth and inflation management. The bank’s leadership team has signaled cautious optimism, expecting modest loan volume increases in the first half of the year amid elevated interest rates. Cramer’s endorsement is expected to bolster investor sentiment, particularly among long-term equity holders focused on stable dividend yields and sound corporate governance.